Best Betting Payment Methods: Ultimate Guide for 2024

The best betting payment method is the one that's going to give you ease of use, swift transactions, solid security and privacy. Betting sites often also differ in the bonuses, fees and minimum amounts of deposits and withdrawals they offer for each payment method.

Our experienced betting experts at BettingTop10 India thoroughly reviewed all betting payment methods at the best betting sites in india, and this page is all about the most up-to-date, important information you need so there are no surprises as to how your money is handled. Let us arm you with the knowledge to find the best and most cost-effective payment method for you, straight from the top betting sites in India.

You cannot bet and enjoy winnings as conveniently as you desire if you don’t know how to make betting payments and the right methods for it. Every betting payment option comes with its pros and cons.

In this section, I'll explore some of the best betting payment methods, whether you prefer conventional means like bank transfers or debit cards to make your betting experience easy and hassle-free or more recent introductions like cryptocurrency or Apple Pay.

It's simpler to place wagers and take pleasure in the thrill of sports betting and casino gambling when you know what payment options you have.

Since credit cards aren't directly connected to a player's bank account, they're frequently used as a backup or combined first and second alternative for online betting payment methods.

Yes, it's true that Visa and Mastercard have been the go-to payment methods for years. However, Maestro and American Express are also two other preferred credit cards by bettors.

A player must withdraw any further gains (money) by bank transfer because they are only able to withdraw the first amount they deposited. It's always a good idea to confirm this for both the player and the sports betting service, as there may be unstated costs related to your player's credit card provider.

Two real-time payment systems that operate around the clock are UPI and IMPS. For Indian bettors, local bank transfers done using UPI and IMPS are a very practical way to make payments on betting sites.

Playing is made easier by the instantaneous transaction processing time offered by UPI online bank. To utilize it, all one has to do is open a UPI account at a bank that accepts UPI.

In recent years, using bank wire transfers to transfer funds between online sportsbooks and casinos has grown in popularity. And with good cause. These days, bettors can rapidly deposit and withdraw money via IMPS.

A user's account number and the betting sites’ unique IFSC code are required to submit money via IMPS. Since they are two of the most secure casino payment methods available, UPI and IMPS are widely used in this gambling industry.

Fast money transfers and cheap costs are another advantage of this gambling payment method. One must remember that these payment methods are only available in India and not in Canada and UK.

Payment options for online betting have recently included cryptocurrency. Today, most online betting sites, to stay competitive, accept over 20+ cryptocurrencies. Starting from Bitcoin and Litecoin to the meme-based Dogecoin, now deposit and withdraw funds from your betting site using any crypto you want.

Crypto is among the safest, most transparent, and most anonymous betting payment methods in Canada, UK and India. It leverages not just any tech but blockchain technology to ensure next-gen data protection. You'll probably not find a more secure deposit and withdrawal method on the market, and transaction speeds are almost instantaneous.

Although there is a small learning curve and significant volatility in bitcoin values, the transaction speeds and anonymity of cryptocurrencies are unmatched.

The most popular and widely used electronic wallet globally is called PayPal. The majority of betting sites always accept this strategy, as online bookies are aware of it. When it comes to betting payment methods for fast withdrawals, there’s no match for PayPal.

Besides ensuring fast and instantaneous payments, PayPal helps you maintain the anonymity and safety you desire while making deposits and withdrawals on any betting site. Moreover, what makes PayPal more appealing to today’s bettors is that it lets you open an account in no time to start making transactions.

From high-end security and fast transactions to a user-friendly interface and quick account opening process, PayPal is a convenient payment method in every way possible.

Formerly called Moneybookers, the firm behind Neteller and Paysafecard, two other top 10 hits, now owns Skrill.

Available in over 200 countries, Skrill is now one of the most amazing and widely recognized betting payment methods. Just like PayPal, this ePayment option helps any bettor to make instant deposits and withdrawals in an online casino or sportsbook.

Skrill has, therefore, experienced great success, particularly in the sports betting sector. Given that almost every sportsbook now accepts Skrill and bettors also don’t miss a chance to use this payment software, experts rank it as the commoner of all payment methods for sports betting.

However, Skrill has a downside too.  It charges a 2.5% transaction fee from bettors whenever they make withdrawals. So, if your plan is to win big, like a jackpot, this can be something to think about

Another payment option that is accessible to all Indian bettors is AstroPay. On their official website, you may buy this digital prepaid card. The fact that so many online casinos accept AstroPay deposits is one of the main reasons why players adore using it.

You can fund your sports betting account using Google Pay, PhonePe, Airtel, JioMoney, or Freecharge using this easy funding option. The ability to make quick payments is yet another fantastic feature of AstroPay India. Additionally, there will be no costs associated with transactions made by bettors utilizing AstroPay casino.

Since it is quick and, most importantly, secure, using this digital prepaid card at online casinos and sports betting sites is convenient. Since this kind of payment grew so popular in India, you'll notice that a significant portion of gambling platforms are betting sites accepting Astropay.

The list of widely approved payment methods for gaming in India includes a number of e-wallets, with Neteller being one of the top choices in this regard. The corporation that owns Neteller and Skrill was created a little over 20 years ago.

The prepaid payment method Paysafecard is a member of the Paysafe Group, a worldwide payments corporation based in Britain. For the most part, there are no fees associated with utilizing Neteller to play online poker in India. This implies that when you use Neteller to take money out of your account at a casino or betting website after hitting it big, you will keep all of your earnings.

Since Neteller has been accepting payments for online gaming since 2000, it is widely regarded as one of the most dependable payment options offered in India. Neteller is a terrific e-wallet to sign up for anywhere in the world, but especially in India because it supports more than 25 major currencies, including rupees.

The fact that there are currently over 23 million Neteller users globally demonstrates how reliable this brand is. For Indian players at online casinos, withdrawal speed is a major concern; Neteller leads the pack in this regard.

Indians tend to feel safer and convenient when they choose betting payment methods based in their own country. One such betting payment option that Indians trust anytime, any day is Paytm. There’s no doubt in saying that Paytm is one of India’s favorite go-to payment software for online betting.

With headquarters in India and operations as a payment portal for the last decade, Paytm has gained huge popularity and trust among the Indian gambling community. From its free use and no-charge policy to its intuitive interface and top-notch safety standards, everything about Paytm is a green flag for bettors looking for the best payment methods.

Available in multiple languages, using Paytm as one of your betting payment options will only make things simple and convenient. Also, Paytm lets you enjoy instant deposits, and the withdrawals are done within a few minutes!  

Apple Pay is ideal for those accessing cricket betting sites via their iOS devices and looking for one of the safest and fastest betting payment methods. The only drawback is that Android and Windows users cannot use Apple Pay as a payment option.

Since most online betting sites now accept Apple Pay as one of their major payment modes, funding accounts and making withdrawals should be hassle-free from now on. Whether your iPhone, Apple Watch, or iPad, access your betting site from any device, make a deposit or withdrawal via Apple Pay, and get things going smoothly!

Many players, bettors, and gamers gravitate toward Apple Pay because it has no hidden costs and is a very secure service. Although paying with a card doesn't require as much information, it is still an easier method.

It's possible that many Indians would rather fund and defund their bank accounts directly when they register for Indian online betting sites.

Bank transfers are undoubtedly among the simplest ways to make deposits and withdrawals from Indian online gambling companies, even if using an e-wallet as a go-between is frequently thought to be safer and more secure.

Bank transfer is something that more than 90% of online betting sites accept in India, enabling any bettor with a bank account in the nation to make the most of this payment option. The procedure of using bank transfers can be slightly slower than some of the other popular options, such as using an e-wallet, even if it is still highly straightforward.

When compared to the most popular e-wallets now in use in India, withdrawals, in particular, may take longer to process. For those players who are fortunate enough to score a large victory, this could entail waiting a few extra days to receive their money.

However, utilizing bank transfers at Indian online betting sites is a huge plus in terms of security and stability.  A lot of the other popular payment methods that are accepted just can't compare to the simple fact that they leverage government-powered safety infrastructure.

While placing bets on online sports betting sites, you should always choose a bookmaker that accepts various payment options.

However, how do you determine if a specific deposit/withdrawal option is right for you? To begin with, our review crew tried and tested every bookmaker deposit option covered in this article, so choosing one of them is one option. You might occasionally conduct your own study.

In light of this, the following five essential factors need to be considered before selecting a betting payment method:

1. Security

It is essential that the payment method be created on a safe online platform that leverages SSL and high-encryption protocols, considering the sharp increase in online fraud and phishing. Another technique to measure the security parameter is to obtain a license from the appropriate regulatory agency, such as the Reserve Bank of India.

These licenses are only issued following a comprehensive assessment. To find out if other customers have had any noteworthy problems in the past, you may also visit reviews and consumer forums on the internet.

2. Privacy

Any discussion about money must include a discussion about privacy. You won't experience any issues if you play with bookies who have been approved by AAMS because the data is kept in secure settings.

But be sure to select safe withdrawal and payment methods as well. Additionally, make sure your connection is safe and that you aren't using a public WiFi network where there could be security risks to your data.

3. Limit

There may be a cap on some payment gateways. Transactions that exceed this cap are unsuccessful. Websites that offer online betting handle a large volume of transactions virtually every day. So, it becomes essential to be aware of these constraints while selecting the payment gateway.

4. Transaction Time

Given the method you choose, there are significant differences in payment and withdrawal timings. In light of this, you should give it considerable consideration if you're in a rush and need immediate cash in your wallet or bookmaker.

Bank transfers can take several days to process, although e-wallets like PayPal typically have the fastest transaction times. To determine the precise processing time for each payment type, go to our table.

5. 24/7 Customer Support Service

Finally, but just as importantly, make sure that the online betting payment options you choose offer 24/7 customer support and technical help in the event that something goes wrong with the online betting payment processing.

6. User Experience

It's likely that users may either struggle to make a withdrawal or bounce back from making a deposit if your online betting payment gateway is confusing or difficult to use. It is crucial to select the one that can be used without any worries to guarantee a flawless user experience.

7. Top-Notch Encryption Standards

Ensure the third-party payment service provider complies with strict encryption requirements before choosing them; after all, they will manage and receive all of your clients' sensitive and important data.

8. Accepts Multiple Currency

The fact that your online betting software will be used by bettors from all over the world makes multi-currency support an important consideration.

In any online transaction, there are four main participants, each with a distinct role:

The middleman is how most people imagine a payment gateway. But why is the middleman necessary? Sadly, unlike when consumers shop online, it is not physically possible to swipe cards at the point of sale terminal.

Merchants are, therefore, limited to relying on the card information that customers enter. How can you, however, be certain that the customer's entered details are accurate? Payment gateways are necessary to shield merchants against chargebacks and frauds because the chances of fraud increase dramatically with online transactions.

Securing customer data is the primary goal of the payment gateway. Encryption is used to do this. To enable secure transactions, all the sensitive and important data, including bank and card information, is encrypted during the procedure.

The following is the whole procedure for depositing or withdrawing money:

• The user is directed to the online betting site's payment methods when they click the "Deposit" or "Withdraw" buttons on the sports betting website.
• The customer must input all necessary information, including name, address, bank account information, card information, security questions, and so on, when they get to the betting payment alternatives.
• The customer is prompted to authorize the transaction on a 3D secure page after completing the above procedures.
• The bank subsequently verifies the account balance of the user to ensure it has sufficient balance for the transaction.
• The bank informs the user and proceeds the transaction when it takes the decision in favor of them.  The merchant receives notification of the error message if the verdict is negative.
• The 3D protocol guarantees data security, and the process is executed through an HTTPS web address. The encryption process protects the user's information by encoding it.

No matter how many betting payment methods you keep in your arsenal, you won’t go too far if you don’t know how to make a deposit. There might be slight variations in the steps involved in making deposits in your betting site depending on the payment option you choose. Nevertheless, the overall steps are the same.

So, to make a deposit on a bookie, choose any of our recommended betting payment methods and follow the steps below:

Step 1: Choose an Ideal Bookmaker

On top of this article, we highlighted a table on the top online betting sites along with their payment scenario. So, choose any bookmaker from that list, as each one is highly reputed and expertly recommended. Let’s say you choose Parimatch.

Step 2: Sign Up or Login to The Online Betting Platform

Now, go to the online bookie’s official website via your browser. Navigate to their sign-up or login option on the home page. If you’re an existing user, simply enter your username and password to log in. And for those new to the betting site, register with all personal details.

Step 3: Tap on the Deposit Button

So now that you’re all set to access the betting platform with full authorization, find and click on the ‘Deposit’ button on the platform. Typically, you’ll find it on top of the bookmaker’s header section. Next, proceed to choose one of the best deposit methods.

Step 4: Choose The Deposit Method

Now that the deposit dialog box is here pick an ideal deposit method of your choice and top up your account. From eWallets and UPI to bank transfers, choose the one that best fits your needs and convenience.

Step 5: Transaction Verification

Now, input the amount you want to deposit in your betting platform. The platform system may ask you to submit other details, like name, currency, etc. So, do it all and complete the transaction by clicking on the Confirm button.

Are you thinking of liquidating or taking out the winnings? Take no worries, as the renowned betting sites and their cutting-edge payment methods ensure smooth and seamless withdrawals for a hassle-free experience.

Of course, the steps involved in making a betting withdrawal are there, but except for that, everything is a smooth sail. For those making withdrawals for the first time, we have some advice that may help. You cannot withdraw a single penny unless you complete the KYC verification upon the opening of your betting account.

To verify your identification, you will need to send copies of official papers to the website, such as your ID and proof of address. All licensed bookies follow this standard procedure, which is carried out for the website's and your own security. Lastly, bear in mind that different bookmakers have different maximum withdrawal limitations.

So, now let’s explore the steps to make a withdrawal from your betting platform:

Step 1: Open The Betting Platform

Whatever betting platform you use, open it. You can either open its mobile app version or navigate to its official site via browser. Then, enter your login credentials and get access.

Step 2: Complete Verification

To ensure your withdrawal is successful, proceed with account verification. To do so, submit your personal details and copies of your ID documentation to the bookmaker’s customer support team.

Step 3: Choose The Withdrawal Method

Choose one of our recommended payment methods to withdraw. So, go to the "Withdrawal" page in your profile and select the method.

Step 4: Confirm The Withdrawal

After entering the information and selecting the INR withdrawal amount, confirm the transfer.

This comprehensive guide entails all the insights our experts can accumulate to present an accurate scenario of the best betting payment methods in India. All these payment methods from the most reputed betting sites come with our expert seal of approval.

So, now you won't have to worry or think twice before trusting your money with any betting platform when making transactions with any of these payment options. All that's left to do is choose one from the top and begin your betting adventure!